Economy/Finance

Nevada Reps. Get Support From IRS Advisory Council In Effort To Lift Tax Threshold On Slot Machine Jackpots

Marija Malenovic
Jackpot Winners, Latest Casino and Gambling News, U.S.A., Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Taxation, Taxes, Nevada
Leaders of Congress, including Dina Titus (D-NV) who have been requesting from the Internal Revenue Service (IRS) to increase the tax reporting limit on jackpots from slot machines for almost a decade, have rec...

WA Authorities Busted Underground Gaming Houses in Perth to Seize Almost $190,000 in Cash

Radosav Milutinovic
Australia, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Unlicensed Operation, Licenses, Online Gambling News, Oceania Casino News, Crime, Labor Relations
In 2023, Perth authorities carried out two major raids on underground gambling operations in suburban areas to seize almost $190,000 in cash, casino-style gaming chips, and playing cards. The organi...

PAGCOR Releases Statement Denying Misinformation About Plans For Privatization

Marija Malenovic
Casino Sales, Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Casino project updates, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Asian Casino News, Philippines
The Philippine Amusement and Gaming Corp. (PAGCOR) has officially published a statement combating misinformation regarding its plans for privatization. The impact of misinformation: In the aforementioned ...

Detroit Casinos Generate $94.4 Million in Revenue In January 2024

Radosav Milutinovic
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Taxation, Taxes, Michigan
In January 2024, the three Detroit casino operators experienced a decline in table games and slot revenue across their land-based facilities in comparison to the same month last year. Michigan Gaming Control Bo...

MGM China’s Adjusted Property EBITDAR Reaches All-Time High For 4Q23 And FY23

Marija Malenovic
U.S.A., Las Vegas, Casino Destinations, Reviews from the Cotai Strip, Casino News, Latest Casino and Gambling News, Casino reviews from Macau, World Casino News, North America Casino News, Gaming Industry News, Casino moguls, Economy/Finance, Macau, Asian Casino News, Financial Press Releases
For one of Macau’s 6 concessionaires, MGM China, last year was its best year of all time in terms of income collected, as it officially revealed all-time highs for 4Q23 and entire year Adjusted Property EBITDAR...

Nevada Bookmakers Took In $185.6m In Bets On Super Bowl LVIII, Setting a New Record

Marija Malenovic
NFL, U.S.A., Las Vegas, Latest Casino and Gambling News, North America Casino News, World Casino News, Gaming Industry News, Technology, Mobile gaming, Economy/Finance, Online Gambling News, Sports betting, Financial Press Releases, Nevada
The Super Bowl, officially hosted by Las Vegas this year, brought in record betting total and small income, regardless of the forecasts that bookmakers across the state would experience a financial hit from the...

Sky City Facing Up to AU$8Million Fine on Non-Compliance Allegations

Radosav Milutinovic
Latest Casino and Gambling News, Australia, Casino News, World Casino News, New Zealand, Gaming Industry News, Money Laundering, Economy/Finance, Online Gambling News, Oceania Casino News, Crime, Fines, Lawsuits & Litigation
Following the recent problem gambling and money laundering allegations that costed SkyCity Entertainment Group millions of dollars, a leading casino corporation in Oceania is facing legal consequences again. Th...

Mahomes’ Super Bowl Performance Sets Off Sports Books’ Overtime Prop Bet Loss

Radosav Milutinovic
U.S.A., Las Vegas, NFL, Latest Casino and Gambling News, North America Casino News, Latest Casino Bonuses, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Nevada
For the second straight season, the Kansas City Chiefs won the Super Bowl title to seemingly turn the San Francisco 49ers' title dreams into sleepless nights of regrets. However, the outstanding performance by ...

Sioux Valley Dakota Nation And Its Allies Sign a Memorandum of Understanding To Build a New Casino

Marija Malenovic
Tribal Gaming, Latest Casino and Gambling News, Tribal Gaming, Casino proposals, Casino News, World Casino News, North America Casino News, Canada, Gaming Industry News, Casino project updates, Economy/Finance, Canadian Tribal, Mergers, Acquisitions & Partnerships
Three First Nations in Westman, Manitoba, including the Dakota Plains First Nation, the Canupawakpa Dakota First Nation and the Sioux Valley Dakota Nation, have officially signed a memorandum of understanding (...

Alabama Could See First Votes on Gambling Legislation for State Lottery, In-Person & Online Sports Betting and Up to 10 Casinos

Vanja Mitic
Tribal Gaming, Latest Casino and Gambling News, Gaming Law & Legislation, Alabama, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News
Sports betting, a state lottery, and casinos might become legal in Alabama after the voters decide upon the approval of the gambling legislation in the state, which is expected to be done this week.  Possibl...

BetMGM Reached $1.96Billion in Revenues in 2023; Looking to Hit $500 Million EBITDA by 2026

Radosav Milutinovic
U.S.A., NFL, Latest Casino and Gambling News, Canada, North America Casino News, Technology, Gaming Industry News, Ontario, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Financial Press Releases, Nevada, North Carolina, Puerto Rico
BetMGM, a leading sports betting and iGaming corporation, has released its 2023 financial result. The joint venture of casino and entertainment giants MGM Resorts and Entain reportedly generated almost $2.00 bi...

Mets Owner’s $8 Billion Casino Proposal in Queens to Include Community Investments

Radosav Milutinovic
U.S.A., Casino proposals, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Casino project updates, Economy/Finance, Licensed online casinos in USA, Licenses, Online Gambling News, Mergers, Acquisitions & Partnerships, New York
Eleven casino companies are in the race for the three available casino licenses in the downtown New York City. One of the patient runners is Mets owner Steve Cohen, who has recently partnered with the casino an...

Macau To Host Minimum 960,000 Visitors for Lunar New Year, MGTO Says

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, China, New Hotels, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Macau
A minimum of 960.000 individuals are projected to pay a visit to Macau throughout the duration of Lunar New Year, which will last 8 days, with an average number of visitors of 120.000 daily, according to Maria ...

Bally’s Temporary Casino in Chicago Surpasses $10 Million in Gross Gaming Revenue in January

Vanja Mitic
Latest Casino and Gambling News, Casino Destinations, Casino News, New Hotels, Gaming Industry News, Casino moguls, Economy/Finance, Illinois, Financial Press Releases
Bally’s began the new year with fantastic results, especially when it came to the company’s temporary casino in Chicago.  Fantastic results in the new year: The casino, which is located at the Medinah Tem...